Home Business News Archive

India may face Rs 60 billion tax loss (Rediff.com)The Centre may end the fiscal year with a shortfall of around Rs 6,000 crore (Rs 60 billion) in direct tax collection mainly on account of lower payments by public sector companies and slower growth in income tax collection.

Essar's Rs 13,000 cr SEZ (rediff.com)Essar Steel has proposed to set up a special economic zone at Hazira in Gujarat for the steel industry at a cost of Rs 13,000 crore (Rs 130 billion).

IT revolution enters new phase in India (Rediff.com)The year 2005 has indeed been eventful for the Indian information technology sector. IT and electronics majors like Microsoft, Intel, Motorola and Philips have committed to invest billions of dollars in RandD and manufacturing.

Expo to showcase home, business products (Northwest Herald)The Algonquin-Lake in the Hills Chamber of Commerce is preparing for its upcoming Home and Business Expo, scheduled from 10 a.m. to 4 p.m. Jan. 14 and 11 a.m. to 3 p.m. Jan. 15. The show will be in the fieldhouse at Jacobs High School, 2601 Bunker Hill Drive in Algonquin.

Headline News (Sentinel-News)Robert and Amber Klingler made it about halfway to London, Ky., when their 1989 Chrysler LeBaron broke down near Simpsonville in September. Now they may never make it.

300,000 KPO jobs coming (rediff.com)According to a report by 'Global Sourcing Now,' KPO business is supposed to touch $17 billion by 2010 of which at least 70 per cent -- or $12 billion -- is to be outsourced to India. There will be over 300,000 new jobs from the current just 25,000.